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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Once the Assessing Officer has taken the step of initiating ...

Case Laws     Income Tax

February 15, 2018

Once the Assessing Officer has taken the step of initiating penalty under section 271AAA of the Act in respect of additional income offered consequent to search, then the Assessing Officer or any of the authorities below are precluded by provisions of the Act itself to initiate any action for levy of penalty under section 271(1)(c) of the Act. - AT

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